Gemmer Asset Management LLC Sells 224 Shares of Microsoft Corporation (NASDAQ:MSFT)

Gemmer Asset Management LLC trimmed its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,496 shares of the software giant’s stock after selling 224 shares during the period. Gemmer Asset Management LLC’s holdings in Microsoft were worth $5,066,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft in the 4th quarter worth $31,000. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at about $38,000. LSV Asset Management purchased a new position in shares of Microsoft in the 4th quarter valued at about $44,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the fourth quarter worth $62,000. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 1.5%

NASDAQ:MSFT opened at $498.25 on Monday. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm has a market cap of $3.70 trillion, a P/E ratio of 38.50, a P/E/G ratio of 2.26 and a beta of 1.04. The firm has a 50-day simple moving average of $461.41 and a 200-day simple moving average of $423.48.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the firm earned $2.94 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Analysts Set New Price Targets

Several research firms recently issued reports on MSFT. Evercore ISI set a $515.00 price objective on Microsoft and gave the company an “outperform” rating in a report on Wednesday, May 21st. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Mizuho lifted their price target on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Jefferies Financial Group boosted their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group boosted their price target on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $524.71.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.